What should be done to simplify U.S. corporate income taxes?
“Simplifying the U.S. corporate tax system requires comprehensive reform, not patchwork legislation. Congress should eliminate the double tax on corporate income and repeal the alternative minimum tax. Congress should adopt a broader tax base that includes lower rates and eliminates tax preferences granted to special interest groups. Congress should adopt tax policies that foster economic growth, investment and employment. Tax simplification will not only reduce administrative costs of compliance — it will also enhance voluntary compliance.”